Which of the following is NOT an instrument in the money market?
ECONOMICS
JAMB 2017
Which of the following is NOT an instrument in the money market?
- A. Treasury bill
- B. Bill of exchange
- C. Stocks and shares
- D. Call money fund
Correct Answer: C. Stocks and shares
Explanation
Stocks and shares are securities purchase by individuals, which is evidence of contributing part of the total capital used in running an existing industry. Stocks and shares are instruments used in capital market.
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